Fair Values of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2014

Fair Values of Assets and Liabilities [Abstract]

Fair Value Hierarchy for Assets Measured at Fair Value

	Quoted Prices
	in Active Markets			Significant			Significant
	for Identical			Other Observable			Unobservable
	Assets			Inputs			Inputs			Balance at
March 31, 2014	(Level 1)			(Level 2)			(Level 3)			Fair Value
Cash equivalents:
Money market funds		$	1,037		$	-		$	-	$	1,037
Commercial paper			-			14			-		14
Total cash equivalents			1,037			14			-		1,051
Investments segregated and on deposit for regulatory purposes:
Certificates of deposit			-			3,493			-		3,493
U.S. Government securities			-			925			-		925
Total investments segregated and on deposit for regulatory
purposes			-			4,418			-		4,418
Other securities owned:
Schwab Funds® money market funds			208			-			-		208
Equity and bond mutual funds			200			-			-		200
State and municipal debt obligations			-			33			-		33
Equity, U.S. Government and corporate debt, and other
securities			1			14			-		15
Total other securities owned			409			47			-		456
Securities available for sale:
U.S. agency mortgage-backed securities			-			18,534			-		18,534
Asset-backed securities			-			16,725			-		16,725
Corporate debt securities			-			9,087			-		9,087
U.S. agency notes			-			4,410			-		4,410
Certificates of deposit			-			3,426			-		3,426
Non-agency residential mortgage-backed securities			-			578			-		578
Non-agency commercial mortgage-backed securities			-			320			-		320
Other securities			-			-			-		-
Total securities available for sale			-			53,080			-		53,080
Total		$	1,446		$	57,559		$	-	$	59,005

	Quoted Prices
	in Active Markets			Significant			Significant
	for Identical			Other Observable			Unobservable
	Assets			Inputs			Inputs			Balance at
December 31, 2013	(Level 1)			(Level 2)			(Level 3)			Fair Value
Cash equivalents:
Money market funds		$	1,141		$	-		$	-	$	1,141
Commercial paper			-			22			-		22
Total cash equivalents			1,141			22			-		1,163
Investments segregated and on deposit for regulatory purposes:
Certificates of deposit			-			2,737			-		2,737
U.S. Government securities			-			2,539			-		2,539
Total investments segregated and on deposit for regulatory
purposes			-			5,276			-		5,276
Other securities owned:
Schwab Funds® money market funds			261			-			-		261
Equity and bond mutual funds			208			-			-		208
State and municipal debt obligations			-			32			-		32
Equity, U.S. Government and corporate debt, and other
securities			1			15			-		16
Total other securities owned			470			47			-		517
Securities available for sale:
U.S. agency mortgage-backed securities			-			18,645			-		18,645
Asset-backed securities			-			15,206			-		15,206
Corporate debt securities			-			9,007			-		9,007
U.S. agency notes			-			4,136			-		4,136
Certificates of deposit			-			3,652			-		3,652
Non-agency residential mortgage-backed securities			-			593			-		593
Non-agency commercial mortgage-backed securities			-			279			-		279
Other securities			-			100			-		100
Total securities available for sale			-			51,618			-		51,618
Total		$	1,611		$	56,963		$	-	$	58,574

Fair Value Hierarchy for Financial Instruments Not Recorded at Fair Value

			Quoted Prices
			in Active Markets			Significant			Significant
			for Identical			Other Observable			Unobservable
	Carrying		Assets			Inputs			Inputs			Balance at
March 31, 2014	Amount		(Level 1)			(Level 2)			(Level 3)			Fair Value
Assets:
Cash and cash equivalents	$	6,122		$	-		$	6,122		$	-	$	6,122
Cash and investments segregated and
on deposit for regulatory purposes		16,127			-			16,127			-		16,127
Receivables from brokers, dealers, and
clearing organizations		482			-			482			-		482
Receivables from brokerage clients – net		14,566			-			14,566			-		14,566
Securities held to maturity:
U.S. agency mortgage-backed securities		31,066			-			30,658			-		30,658
Non-agency commercial mortgage-backed
securities		957			-			911			-		911
Other securities		100			-			100			-		100
Total securities held to maturity		32,123			-			31,669			-		31,669
Loans to banking clients: (1)
Residential real estate mortgages		8,050			-			7,900			-		7,900
Home equity lines of credit		3,018			-			3,180			-		3,180
Personal loans secured by securities		1,536			-			1,536			-		1,536
Other		35			-			34			-		34
Total loans to banking clients		12,639			-			12,650			-		12,650
Other assets		71			-			71			-		71
Total	$	82,130		$	-		$	81,687		$	-	$	81,687
Liabilities:
Deposits from banking clients	$	95,591		$	-		$	95,591		$	-	$	95,591
Payables to brokers, dealers, and clearing
organizations		1,918			-			1,918			-		1,918
Payables to brokerage clients		32,308			-			32,308			-		32,308
Accrued expenses and other liabilities		607			-			607			-		607
Long-term debt		1,902			-			1,995			-		1,995
Total	$	132,326		$	-		$	132,419		$	-	$	132,419

(1) The carrying value of loans to banking clients excludes the allowance for loan losses of $48 million at March 31, 2014.

			Quoted Prices
			in Active Markets			Significant			Significant
			for Identical			Other Observable			Unobservable
	Carrying		Assets			Inputs			Inputs			Balance at
December 31, 2013	Amount		(Level 1)			(Level 2)			(Level 3)			Fair Value
Assets:
Cash and cash equivalents	$	6,565		$	-		$	6,565		$	-	$	6,565
Cash and investments segregated and
on deposit for regulatory purposes		18,273			-			18,273			-		18,273
Receivables from brokers, dealers, and
clearing organizations		509			-			509			-		509
Receivables from brokerage clients – net		13,949			-			13,949			-		13,949
Securities held to maturity:
U.S. agency mortgage-backed securities		29,260			-			28,500			-		28,500
Non-agency commercial mortgage-backed
securities		958			-			890			-		890
Other securities		100			-			100			-		100
Total securities held to maturity		30,318			-			29,490			-		29,490
Loans to banking clients: (1)
Residential real estate mortgages		8,006			-			7,930			-		7,930
Home equity lines of credit		3,041			-			3,043			-		3,043
Personal loans secured by securities		1,384			-			1,384			-		1,384
Other		36			-			35			-		35
Total loans to banking clients		12,467			-			12,392			-		12,392
Other assets		64			-			64			-		64
Total	$	82,145		$	-		$	81,242		$	-	$	81,242
Liabilities:
Deposits from banking clients	$	92,972		$	-		$	92,972		$	-	$	92,972
Payables to brokers, dealers, and clearing
organizations		1,467			-			1,467			-		1,467
Payables to brokerage clients		35,333			-			35,333			-		35,333
Accrued expenses and other liabilities		680			-			680			-		680
Long-term debt		1,903			-			1,989			-		1,989
Total	$	132,355		$	-		$	132,441		$	-	$	132,441

(1) The carrying value of loans to banking clients excludes the allowance for loan losses of $48 million at December 31, 2013.